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    1501 Independence Pkwy Plano, TX 75075

    For Lease
    $20 SF/Yr ($18,666 /Mo)

    11,200 SF Medical Office - Plano, TX

    Lot size:
    11,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 11,200-square-foot Class B medical office building in Plano, Texas, presents a unique investment opportunity. Located at 1501 Independence Parkway, in Collin County, this single-tenant property offers complete vacancy, allowing for immediate occupancy and customization. Built in 1996 and renovated in 2004, the building boasts modern amenities and a highly visible location at a signalized intersection, benefiting from exposure to approximately 40,000 vehicles daily. The property features ample parking with 54 spaces, a convenient two-lane drive-through, and a loading dock, catering to diverse business needs. Its strategic location in Plano, a thriving suburb of Dallas, is surrounded by established retailers and schools, ensuring high traffic and visibility. The property's 200+ feet of frontage on Independence Parkway provides excellent branding opportunities. This turnkey medical office space is ready for immediate occupancy and presents a compelling opportunity for a medical practice or related business seeking a prominent location in a high-demand area. The zip code is 75075.

    Property Features for 1501 Independence Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,200 SF
    Class
    B
    Total Rate
    18666.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    11,200 SF
    Rate per SF
    $20

    HighLights

    • Prime Plano, Texas location.
    • 11,200 SF Class B medical office building.
    • 200+ feet of frontage on a signalized intersection with daily exposure to 40,000 vehicles.
    • 54 parking spaces and a two‑lane drive‑through.
    • Fully vacant, ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Drug Store CVS Pharmacy Pharmacy MoneyGram Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.750612
    Latitude
    33.019746

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    FAQs

    What type of property is this?
    Medical office - 11,200 SF Medical Office - Plano, TX
    Where is this medical office located?
    The property is located at 1501 Independence Pkwy Plano, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime Plano, Texas location.; 11,200 SF Class B medical office building.; 200+ feet of frontage on a signalized intersection with daily exposure to 40,000 vehicles.
    Request Owner's contact information
    1501 Independence Pkwy Plano, TX 75075
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    Plano, TX 75075
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 Independence Pkwy Plano, TX 75075
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